News

Banking
Banco Sabadell Considers Offers for UK Unit TSB
June 27, 2025

Banco Sabadell is reportedly considering selling its U.K. unit, TSB, to Banco Santander or Barclays to avoid a hostile takeover by BBVA. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Retail
Nike Shifts Production and Raises Prices to Mitigate $1 Billion Tariff Cost
June 27, 2025

Nike said Thursday (June 26) that the new U.S. tariffs currently in place will cost the company about $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Cash Cycles Come Into High-Definition as Liquidity Becomes Antidote for Uncertainty
June 27, 2025

As tariff-driven turbulence rattles the business landscape, chief financial officers are coming to realize that traditional metrics like sales numbers and EBITDA can be mere vanity metrics if cash isn’t moving. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Artificial Intelligence
German Data Protection Authority Asks Apple and Google to Stop Distributing DeepSeek App
June 27, 2025

A German data protection authority regulator said Friday (June 27) that she told Apple and Google that the DeepSeek artificial intelligence-powered chatbot app is “illegal content” and that the companies must now decide whether to block the app from their app stores. Get the Full...

Artificial Intelligence
Google Launches Virtual Try-On App Featuring AI-Generated Videos
June 27, 2025

Google launched an experimental app Thursday (June 26) that lets users not only virtually “try on” outfits but also see themselves in motion while wearing them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Growth of AI Agents Puts Corporate Controls to the Test
June 27, 2025

Watch more: Trustly: Growth of AI Agents Will Put Corporate Controls to the Test Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Retail
Amazon Bets on In-House AI Stack as Walmart Amplifies Workforce
June 27, 2025

Jeff Bezos is getting married this weekend. The Amazon founder has spared no expense, reportedly buying out much of the luxury accommodations in Venice, Italy, for his wedding to Lauren Sanchez. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Fintech Investments
FinTech IPO Index Up 1.4%, Boosted by BNPL Names and Expensify’s Gains
June 27, 2025

June’s winding to its last few days of trading. Earnings season will begin in earnest in the next few weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Report: Michaels Gains Customers After Rival Retailers’ Store Closures
June 26, 2025

Crafts retailer Michaels reportedly saw a 2.3% increase in same-store sales in the quarter ended May 1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...